To achieve maximum interoperability between these networks, the Ethereum London network protocol has been improved on the Ethereum Classic (ETC) network via a hard fork called Mystique.
The Mystique hard-fork will take place on the Ethereum Classic mainnet at block 14,525,000 on February 13th, 2022. It was not a disputed hard fork, but rather an improvement to the protocol.
All of the main pools, exchanges, wallets, and other organizations are expected to be ready or actively planning for Mystique. While outreach is being conducted, service providers are urged to openly declare their preparedness to the public in whichever way makes sense for them.
As ECIP-1104 approaches, they are contacting all node administrators and suppliers to raise awareness of the network update. According to a Medium post published on January 27th, we are just 35% of the way there. Following a period of steady and constant growth in the first few weeks, the historical adoption pattern has seen a rise in readiness for the activation block. It is not unusual for complete preparedness to be just 60–70percent by the activation block. That doesn’t matter as long as the commercially significant nodes (mainly those run by mining pools and swaps) are kept up to date. Whether other node proprietors do not upgrade, then will remain on the old chain, causing no harm to anyone except themselves. They will be back on the correct chain after they rebuild their own nodes.
About Ethereum Classic (ETC)
After a hacker exploited a weakness on June 17th, 2016, resulting in millions of stolen Ether. Ethereum split into two chains to rectify the damage caused by the incident. Ethereum Classics the original Ethereum blockchain’s successor, and it is the classic form of the Ethereum blockchain.
It is a decentralized computing platform that enables the execution of smart contracts. Applications are implemented exactly as expected, with no censorship, downtime, or intervention by outside parties.
It is a distributed network made up of a blockchain ledger. Native cryptocurrency (ETC), and a vibrant ecosystem of on-chain apps and services.
Ethereum Classic (ETC) allows for the administration of digital assets without the use of intermediaries like banks and other financial organizations.
It makes it easier to create, distribute, and execute uncensorable smart contracts; ETC allows really unstoppable programmable money.
Price Movement – Ethereum Classic (ETC)
At the time of writing, the price of ETC is close to $28.04. The price has risen by about 10% in the last 24 hours, making it one of the top gainers among the top 100 cryptocurrencies.